Latest news with #CryptoBlueChip
Time of India
2 days ago
- Business
- Time of India
Bitcoin holds above $104k as Fed signals hawkish pause; Altcoins trade mixed
Cryptocurrencies traded with a slight negative bias on Thursday, as investors weighed the US Federal Reserve's latest interest rate decision and ongoing geopolitical tensions . As of 1:26 pm IST, Bitcoin was down 0.26% at $104,704, while Ethereum slipped 0.45% to $2,521. The global crypto market capitalisation declined by 0.3% to $3.25 trillion, according to CoinMarketCap . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo Among altcoins , BNB dropped 1%, Solana 1.7%, Dogecoin 0.6%, Cardano 2.6%, Hyperliquid 6%, Sui 2%, and Avalanche 4%. Tron rose 1%, Chainlink gained 0.5%, Uniswap added 3.5%, Pepe advanced 1%, while OKB jumped 7%. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -1.95% Buy DeFi Tracker -4.21% Buy AI Tracker -5.90% Buy NFT & Metaverse Tracker -8.66% Buy Web3 Tracker -9.01% Buy TOP COINS (₹) XRP 188 ( 0.88% ) Buy Ethereum 220,214 ( 0.76% ) Buy Bitcoin 9,107,680 ( 0.48% ) Buy BNB 55,992 ( -0.27% ) Buy Solana 12,666 ( -0.82% ) Buy 'Bitcoin is trading in a narrow range between $103,400 and $105,500 after the Fed held rates unchanged at 4.25%–4.50%, maintaining a hawkish tone due to inflation concerns,' said Edul Patel, Co-founder and CEO of Mudrex. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » He added that Bitcoin continues to hold key support levels despite macroeconomic and geopolitical headwinds. 'Notably, Bitcoin ETFs have recorded eight straight days of inflows totalling over $2.2 billion, indicating strong institutional demand. If this momentum continues, Bitcoin could soon test the resistance at $106,500, while support is seen around $103,000.' Live Events Also Read: Will Bitcoin hit $1 million by 2030? 'Rich Dad Poor Dad' author Robert Kiyosaki thinks so Vikram Subburaj, CEO of Giottus, noted that while crypto markets reacted mildly to the Fed's decision, Bitcoin's tight price structure points to an imminent breakout. 'Ask-side liquidity is clustering above $106,000, with nearly $70 million in orders stacked around $106,500. A breakout past this level could trigger a short squeeze, targeting the $109,000–$110,000 zone. Recent bid absorption at $105,000 indicates bulls are still defending this level effectively,' he said. According to Riya Sehgal, Research Analyst at Delta Exchange, Ethereum continues to trade below key resistance and lacks near-term momentum. 'ETH is struggling below the $2,600 mark, with resistance in the $2,575–$2,625 zone. Trading below the 100-hour simple moving average, Ethereum risks a drop toward $2,320 if support fails.' On Bitcoin's outlook, she noted that the price is consolidating between $104,200 and $105,600, with resistance around $105,500. 'A breakout above $106,150 could push BTC toward the $108,800–$110,000 zone. However, the current structure of lower highs suggests bounce momentum is weak,' she added. Despite recent volatility, some analysts believe the market is stabilising. 'After a turbulent week, Bitcoin is holding firm above $100,000, showing resilience and forming a solid support base,' said Avinash Shekhar, Co-founder and CEO of Pi42. 'Ethereum has outperformed Bitcoin in the current geopolitical climate, fuelling early chatter of a potential altseason.' He added that Dogecoin is mirroring past bullish setups last seen in 2020, which preceded strong rallies. 'The Fed's decision to keep rates unchanged has helped calm market nerves. While questions remain about whether Bitcoin has peaked in this cycle, its ability to absorb volatility and defend key levels suggests that bullish sentiment, although cautious, still persists.'
Time of India
3 days ago
- Business
- Time of India
Stablecoins' m-cap surges to a record $251 billion
The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the US Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalisation of stablecoins hit an all-time high of $251.7 billion, up 22% so far this year. Stablecoins are a type of cryptocurrency designed to maintain a constant value, usually via a 1:1 peg with the US dollar. They are commonly used by crypto traders to move funds between tokens. Their use has soared in recent years, and analysts expect the market to grow further once the US legislation has passed. Proponents say stablecoins could be used to send payments instantly, while others worry they will lead to closer ties between the crypto world and traditional financial markets. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -3.57% Buy AI Tracker -7.37% Buy DeFi Tracker -7.47% Buy NFT & Metaverse Tracker -9.47% Buy Web3 Tracker -9.79% Buy TOP COINS (₹) XRP 189 ( 0.87% ) Buy Ethereum 219,415 ( 0.63% ) Buy Bitcoin 9,094,091 ( 0.42% ) Buy Solana 12,751 ( -0.47% ) Buy BNB 55,835 ( -0.75% ) Buy If the US bill is signed into law, stablecoins would be required to be backed by liquid assets such as US dollars and short-term Treasury bills, and for issuers to publicly disclose the composition of their reserves on a monthly basis.
Time of India
3 days ago
- Business
- Time of India
Bitcoin or Gold: What's the real safe haven during global crises?
As geopolitical tensions between Iran and Israel flare up, investors are turning to traditional safe-haven assets to shield their portfolios. At the centre of this flight to safety are two competing assets: gold, the age-old hedge, and Bitcoin, often dubbed 'digital gold.' But recent market behaviour raises a question—can Bitcoin truly rival gold in times of global stress? Gold prices have surged since tensions erupted, hitting record highs. On June 12, gold was priced at Rs 96,700 and touched Rs 1,01,078 by June 16. Although there was some profit booking later—with prices retreating to Rs 99,452 by June 18—the rally underscored investor preference for the tangible metal amid uncertainty. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 頭髮稀疏看起來老十歲！屈臣氏買的這個有效 KAMINOWA 了解更多 Undo This mirrors a broader trend. Central banks globally have been consistently adding gold to their reserves, reinforcing the metal's status as a defensive asset during crisis periods. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -5.23% Buy BTC 50 :: ETH 50 -6.22% Buy DeFi Tracker -12.62% Buy AI Tracker -13.86% Buy Web3 Tracker -14.03% Buy TOP COINS (₹) BNB 56,234 ( -0.91% ) Buy Bitcoin 9,064,720 ( -1.4% ) Buy Ethereum 218,718 ( -1.47% ) Buy XRP 186 ( -2.8% ) Buy Solana 12,734 ( -2.81% ) Buy 'Gold has long held its ground as a traditional safe haven during periods of geopolitical and economic uncertainty,' said Prasanna Pathak, Managing Partner at The Wealth Company. 'Its intrinsic value, limited supply, and global acceptance make it a go-to asset when investors seek refuge from volatility.' Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Bitcoin, on the other hand, hasn't shown similar resilience. During the flare-up in the Middle East, Bitcoin fell from $109,000 on June 12 to $103,700 on June 17—wiping out nearly 5% in value. This mirrored the broader decline in risk assets such as equities, in stark contrast to gold's rally. Live Events A similar trend was observed during the Russia-Ukraine war in February 2022, when Bitcoin dropped from $45,000 to $35,000 in a matter of days. 'While Bitcoin has emerged as a digital alternative and has its merits in portfolio diversification, its behaviour during recent geopolitical tensions suggests that it still reacts more like a risk asset than a crisis hedge,' Pathak added. Despite its short-term volatility, some experts believe Bitcoin is beginning to carve out a longer-term role in modern portfolios. 'With institutional giants like BlackRock and Fidelity backing U.S. Bitcoin ETFs, and over $60 billion now held in these funds, Bitcoin is becoming a globally accessible store of value,' said Devika Mittal, Regional Head at Ava Labs. 'It's no longer just a speculative asset—it's earning a place in conversations around financial security.' Vugar Usi Zade of Bitget added, 'Bitcoin offers liquidity and insulation from government actions during crises, though its volatility remains higher than gold.' Safe haven or speculative asset? The recent geopolitical developments have rekindled the debate around which asset offers better protection during global crises. While gold has a long-established track record of stability in uncertain times, Bitcoin continues to evolve, drawing both interest and skepticism. Gold's consistent performance during recent market shocks reinforces its role as a dependable safe haven. Bitcoin, meanwhile, has shown potential but remains sensitive to investor sentiment and broader market volatility. As the global financial landscape shifts, both assets may continue to play distinct roles—gold as a traditional shield, and Bitcoin as a high-growth, alternative store of value with long-term promise.
Time of India
5 days ago
- Business
- Time of India
Trump Media seeks SEC approval for bitcoin and ethereum ETF
Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media company associated with President Donald Trump in less than two weeks. If approved, the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF would join a crowded and competitive market already dominated by a handful of established asset managers such as BlackRock, whose iShares Bitcoin ETF has $72.5 billion in assets. "It will be a challenge for any new entrant in this market," said Bryan Armour, ETF analyst at Morningstar. "The only way to stand out will be through fees or brand." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius) Read More The filing for the new bitcoin and ethereum ETF does not disclose proposed fees, and Trump Media has yet to reveal fees for the bitcoin ETF. Similar products have fees of 0.12%. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -1.26% Buy DeFi Tracker -1.33% Buy BTC 50 :: ETH 50 -1.47% Buy Web3 Tracker -7.06% Buy AI Tracker -8.19% Buy TOP COINS (₹) XRP 197 ( 5.47% ) Buy Ethereum 226,895 ( 3.33% ) Buy Solana 13,487 ( 2.87% ) Buy Bitcoin 9,242,172 ( 1.52% ) Buy BNB 56,541 ( 1.33% ) Buy Trump Media representatives did not immediately respond to a request for comment. Armour noted that the latest filing spells out a specific allocation ratio between bitcoin and ethereum. The issuer, Yorkville America Digital, said it initially anticipates holding three bitcoins for every ethereum token in the ETF. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » "There is little that is different about this new venture other than the way it could be marketed," said Sui Chung, CEO and chairman of CF Benchmarks. "Given Truth Social's involvement, it may very well be that (these) are marketed directly to individual investors and that this ends up getting attention from those investors in the same way that people who love their iPhones buy Apple stock." Live Events
Time of India
5 days ago
- Business
- Time of India
Explainer-What are bitcoin treasury strategies, the latest trend in the public markets?
Certain public companies, including one founded by President Donald Trump , have been going on a cryptocurrency buying spree, capitalizing on higher token prices and a softening regulatory environment to load up on the attention-grabbing investment. Sixty-one publicly-listed companies not primarily engaged in digital assets have adopted what are known as bitcoin treasury strategies, in which firms allocate a portion of their cash and reserves toward the world's largest cryptocurrency, according to a report from Standard Chartered. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Not Sold in Stores. Recommended Quietly by NHS Staff showbizinsider Learn More Undo Here is what you need to know about the trend: Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -1.26% Buy DeFi Tracker -1.33% Buy BTC 50 :: ETH 50 -1.47% Buy Web3 Tracker -7.06% Buy AI Tracker -8.19% Buy TOP COINS (₹) XRP 197 ( 5.47% ) Buy Ethereum 226,895 ( 3.33% ) Buy Solana 13,487 ( 2.87% ) Buy Bitcoin 9,242,172 ( 1.52% ) Buy BNB 56,541 ( 1.33% ) Buy WHY ARE COMPANIES DOING THIS? Many of those companies are seeking to replicate the success of Strategy, formerly known as MicroStrategy, a software company that began accumulating bitcoin in 2020 and now holds more than $63 billion worth. Its stock is up more than 3,000% since 2020 as the price of bitcoin has skyrocketed, hitting fresh all-time highs above $110,000 this year. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Strategy copycats have doubled their holdings in bitcoin in just the last two months to collectively hold just under 100,000 bitcoin, Standard Chartered said. Those firms include Trump Media & Technology Group, which raised $2.5 billion last month to invest in bitcoin. Live Events While investors can readily buy bitcoin directly or through an exchange-traded fund, investors typically cannot get the same kind of leverage a public company might be able to get through the convertible debt markets to buy bitcoin. Companies like Strategy trade at a premium to their bitcoin holdings because investors believe that those firms can utilize their access to credit markets to purchase even more bitcoin. Strategy and Trump Media & Technology Group did not immediately respond to requests for comment. WHICH COMPANIES ARE DOING THIS? Besides Strategy and Trump Media & Technology Group, a joint venture announced in April between SoftBank, stablecoin issuer Tether, and Cantor Fitzgerald - previously helmed by U.S. Commerce Secretary Howard Lutnick - caught investors' attention. The group is launching a $3.6-billion venture called Twenty One with the goal of acquiring bitcoin. SolarBank, a Toronto-based solar energy company, announced this month it would implement a bitcoin treasury strategy, saying it would expose the company "to a new category of tech-savvy investors." SolarBank has not disclosed how much bitcoin it plans to buy, only saying that the allocation strategy will be determined by management. "Traditionally, people invest in utilities as (an) afterthought. It's a very low return. It's a stable return," said SolarBank CEO Richard Lu. "So, how do we bridge the excitement of the new world and a classic industry? We feel that the crypto part of that is a bridge we need to cross." Upexi, a consumer products company, recently launched a treasury for Solana, another top cryptocurrency. "It is a great way for a company to really bring attention to itself and grow," said Brian Rudick, the firm's chief strategy officer. "If a company has a fiduciary duty to do what's best for shareholders, and if you're going to raise funds and invest it in the operating business, or if you can invest in funds and put it into a digital asset treasury that the market is rewarding companies that do so, you should do the latter," Rudick said. WHY NOW? The trend comes as Trump has sought to overhaul U.S. cryptocurrency policy after courting cash from the industry on the campaign trail. He signed an executive order in March to establish a strategic bitcoin reserve and has hosted industry leaders at the White House. Those moves have boosted the price of bitcoin and other cryptocurrencies. "It may be that some firms are trying to get political attention. This is clearly something President Trump has signaled his interest in," said Chester Spatt, a finance professor at Carnegie Mellon University. The stark shift in policy under Trump "is a serious tailwind for more and more institutions to get into the space," said Roshan Robert, CEO of crypto exchange OKX. "How institutions are looking at building out treasury applications is just a part of that broader picture." WHAT ARE THE RISKS? It is unclear if the various crypto treasury strategies will ultimately be successful, particularly if firms are buying in now as prices flirt with record highs in a sector that is no stranger to volatility. Charles Schwab, in a report last month, noted that if a company has significant crypto holdings that suddenly collapse in value, the firm could experience a liquidity crisis. Standard Chartered estimated that if bitcoin were to fall back below $90,000 it would put half of companies' bitcoin treasuries underwater. "As always, there will be some really, really big winners and some really big losers whenever there's a mania like this," said Ravi Doshi, the global co-head of markets at crypto platform FalconX.
